Sensata Technologies (NYSE:ST) Price Target Raised to $55.00

Sensata Technologies (NYSE:ST) had its price target raised by Oppenheimer from $50.00 to $55.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the scientific and technical instruments company’s stock.

A number of other analysts have also recently weighed in on ST. Wall Street Zen raised shares of Sensata Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Robert W. Baird increased their price objective on shares of Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Barclays increased their price objective on shares of Sensata Technologies from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group increased their price objective on shares of Sensata Technologies from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Truist Financial increased their price objective on shares of Sensata Technologies from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $43.10.

Sensata Technologies Stock Up 1.4%

Shares of NYSE:ST opened at $42.21 on Wednesday. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 136.15, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21. Sensata Technologies has a 1-year low of $21.39 and a 1-year high of $42.55. The company’s fifty day moving average is $36.89 and its two-hundred day moving average is $34.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 2.75.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The company had revenue of $934.80 million for the quarter. Sensata Technologies had a net margin of 1.28% and a return on equity of 18.23%. Equities analysts anticipate that Sensata Technologies will post 3.72 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is currently 154.84%.

Insider Transactions at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the completion of the transaction, the executive vice president owned 72,842 shares in the company, valued at $2,528,345.82. This represents a 3.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 7,889 shares of company stock valued at $280,345. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in shares of Sensata Technologies by 659.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 785 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 728 shares in the last quarter. First Horizon Corp bought a new position in shares of Sensata Technologies during the 3rd quarter valued at about $29,000. Root Financial Partners LLC boosted its position in shares of Sensata Technologies by 62.5% during the 1st quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Finally, EFG International AG bought a new position in shares of Sensata Technologies during the 4th quarter valued at about $33,000. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.